Annual report pursuant to Section 13 and 15(d)

OTHER REAL ESTATE OWNED

v3.20.4
OTHER REAL ESTATE OWNED
 12 Months Ended
Dec. 31, 2020
Other Real Estate [Abstract]  
OTHER REAL ESTATE OWNED
Note 9
OTHER REAL ESTATE
 
OWNED
 
The following table presents other real estate owned
 
activity at December 31,
(Dollars in Thousands)
2020
2019
2018
Beginning Balance
$
953
$
2,229
$
3,941
Additions
2,297
1,298
2,140
Valuation
 
Write-Downs
(792)
(300)
(1,046)
Sales
(1,650)
(2,274)
(2,793)
Other
-
-
(13)
Ending Balance
$
808
$
953
$
2,229
Net expenses applicable to other real estate owned for the
 
three years ended December 31, was as follows:
(Dollars in Thousands)
2020
2019
2018
Gains from the Sale of Properties
$
(1,218)
$
(244)
$
(2,288)
Losses from the Sale of Properties
33
159
307
Rental Income from Properties
-
(4)
(12)
Property Carrying Costs
497
335
505
Valuation
 
Adjustments
792
300
1,046
Total
$
104
$
546
$
(442)